Insurance Awareness Quiz: We have created quiz questions on Insurance Awareness which are most important for insurance exams. These questions and answers will guide you in all insurance exams like LIC (AAO/ADO), NIACL assistant and AO, UIIC, IRDA and other Bank PO exams and all competitive exams. So attempt these multiple choice questions now based on the exam pattern syllabus.
- Which among the following is the primary source of information about an applicant for the underwriter?
A) PAN Card
B) Medical Records
C) Aadhar Card
D) Proposal form
- ________ is the transfer of all rights and remedies with respect to the subject matter of insurance from insured to insurer
A) Pooling
B) Diversification
C) Subrogation
D) Contribution
- Getting into a contract with insurance company on false grounds by making statements that are not in accordance with the facts is known as ___________.
A) Cheating
B) Misrepresentation
C) Falsify
D) Manipulation
- A temporary document issued by an insurance company that provides proof of insurance coverage until a final insurance policy can be issued is called as
A) Cover Note
B) Proposal Form
C) Certificate of Insurance
D) Standard Form
- Which among the following is not a valid mode to pay premium
A) Cash
B) Cheque
C) Credit Card
D) Promissory Note
- Which insurance product is offered by the New India Assurance Co Ltd?
A) Personal Insurance
B) Commercial Insurance
C) Industrial Insurance
D) All the above
- ___________is a fixed amount for a covered service, paid by a patient to the provider of service before receiving the service
A) Copay
B) Deductible
C) Claim
D) Surrender Value
- Which of these is not one of the main products of life insurance?
A) Term insurance
B) Personal accident insurance
C) Whole life insurance
D) Endowment Policy
- Which among the following provides insurance cover to exporters?
A) GIC
B) IRDAI
C) LIC
D) ECGC
- The National Agricultural Insurance Scheme has been set up to provide insurance cover to which of the following?
A) Farmer’s Land
B) Farmer’s Life
C) Farmer’s Crops
D) Animals used for agricultural activities